DEDO's CDF approves $7M bonds for Sussex charter school

By Associated Press 12:18pm, April 29, 2013

CDF meeting (WDEL/File)

A state panel has approved up to $7 million in bond financing for a Sussex County charter school.

The Council on Development Finance approved the request regarding the Sussex Academy of the Arts and Sciences at its meeting Monday in Dover.

Proceeds of the revenue bonds would be applied to make a loan to school for a variety of purposes. They include financing the acquisition of about 42 acres of land, a 122,000 square-foot building on it and improvements to accommodate a new middle school and high school serving grades 6 through 12.